Changes in Natural Disaster Risk: Macroeconomic Responses in Selected Latin American Countries

Changes in Natural Disaster Risk: Macroeconomic Responses in Selected Latin American Countries

This paper studies the theoretical effects of changes in disaster risk on macroeconomic variables in five Latin American economies. It compares country-specific variants of the New Keynesian model with disaster risk developed by Isoré and Szczerbowicz (2017). Countries with higher price flexibility,...

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Bibliographic Details
Main Author: Marlène Isoré
Format: Article
Language:English
Published: MDPI AG 2018-02-01
Series:Economies
Subjects:
natural disasters
disaster risk
DSGE models
business cycles
Latin America
Online Access:http://www.mdpi.com/2227-7099/6/1/13

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